BC Advantage - 2012 Issue 8
How Much Money Is Lost In Outpatient Labor and Delivery Services?
A lot of money is lost every year by failing to bill for services performed. For some hospitals, it is millions per year. How many providers are experiencing a revenue leakage problem for outpatient labor and delivery services? It's estimated at 80%. How many services go unbilled? What is the financial impact? In this edition of Insights, we will explain why hospitals are losing money and not billing for services performed, the potential financial impact, and possible solutions. Background Simply stated, providers are unaware of revenue leakage problems. Effectively capturing and billing correctly for all services performed...
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